Bharat Electronics Limited (BEL) reported a consolidated net profit of ₹969.13 crore for the quarter ended June 30, 2025, marking a 24.9% increase compared to the corresponding quarter of the previous year. The company's revenue from operations stood at ₹4,439.74 crore.
| Particulars | Q1 FY26 | Q1 FY25 | YoY Change | Q4 FY25 | QoQ Change |
|---|---|---|---|---|---|
| Revenue from operations | 4,43,974 | 4,24,357 | +4.62% | 9,14,959 | -51.47% |
| Other Income | 16,332 | 20,358 | -19.78% | 19,464 | -16.09% |
| Total Income | 4,60,306 | 4,44,715 | +3.51% | 9,34,423 | -50.74% |
| Cost of materials consumed | 1,96,084 | 2,55,650 | -23.30% | 4,42,914 | -55.73% |
| Consumption of stock-in-trade | 9,915 | 6,688 | +48.25% | 17,446 | -43.17% |
| Changes in inventories of finished goods, work-in-progress and scrap | 1,609 | (30,828) | NA | 14,533 | -88.93% |
| Employee benefits expense | 69,648 | 66,657 | +4.49% | 76,608 | -9.08% |
| Finance costs | 144 | 118 | +22.03% | 586 | -75.43% |
| Depreciation and amortisation expense | 12,079 | 10,768 | +12.17% | 13,758 | -12.20% |
| Other expenses | 42,891 | 31,370 | +36.74% | 81,852 | -47.60% |
| Total expenses | 3,32,370 | 3,40,423 | -2.37% | 6,47,697 | -48.69% |
| Profit before tax | 1,27,936 | 1,04,292 | +22.67% | 2,86,726 | -55.45% |
| Current tax | 35,286 | 28,517 | +23.74% | 61,924 | -43.01% |
| Earlier years tax | 260 | (3,417) | NA | 260 | 0.00% |
| Deferred tax | (2,324) | 4,150 | NA | 4,150 | NA |
| Total provision for taxation | 31,869 | 26,193 | +21.67% | 74,625 | -57.30% |
| Profit for the period | 96,905 | 79,128 | +22.47% | 2,12,702 | -54.48% |
| Paid-up equity share capital | 73,098 | 73,098 | 0.00% | 73,098 | 0.00% |
Financial Performance
The company's revenue from operations increased by 4.62% year-on-year, reaching ₹4,439.74 crore. Other income decreased by 19.78% to ₹163.32 crore, resulting in a total income of ₹4,603.06 crore, a 3.51% increase compared to the same quarter last year.
Expense Analysis
BEL managed to reduce its total expenses by 2.37% year-on-year, amounting to ₹3,323.70 crore. Key changes in expenses include:
- Cost of materials consumed decreased by 23.30% to ₹1,960.84 crore.
- Consumption of stock-in-trade increased by 48.25% to ₹99.15 crore.
- Employee benefits expense increased by 4.49% to ₹696.48 crore.
- Other expenses increased by 36.74% to ₹428.91 crore.
Profitability
The profit before tax for Q1 FY26 stood at ₹1,279.36 crore, a 22.67% increase compared to ₹1,042.92 crore in Q1 FY25. After accounting for tax expenses, the net profit for the period was ₹969.05 crore, reflecting a 22.47% increase from ₹791.28 crore in the corresponding period last year.
Other Comprehensive Income
The total comprehensive income for the period was ₹987.38 crore, which includes profit and other comprehensive income.
Notes
- The unaudited standalone and consolidated financial results are prepared in accordance with applicable accounting standards i.e. Ind AS.
- The unaudited quarterly results of subsidiary companies viz. BEL Optronic Devices Ltd. and BEL Thales Systems Ltd. are included in the consolidated financial results.
- The associate companies viz. GE BE Pvt. Ltd. and BEL IAI Aerosystems Pvt. Ltd. have been consolidated under equity method as prescribed under Ind AS 28 - Investments in Associates.
